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Why is HMRC’s new DeFi lending tax policy dubbed ‘unnecessary burden’?
February 04, 2022 03:09 AM AEDT| By Manu ShankarHighlights Britain’s tax agency, Her Majesty’s Revenue and Customs (HMRC), is bringing down the gavel on DeFi lending and staking rules which could have an impact on the development of innovation in the Decentralized Finance se.....
Why is Immutable X (IMX) crypto trending today?
February 04, 2022 02:25 AM AEDT| By Manu ShankarThe Immutable X (IMX) token is primarily a Layer-2 protocol that is powered by the Ethereum blockchain network. IMX positions itself in such a manner that it is able to ease Ethereum’s problems of limited scalability, illiquidity, and poor us.....
Jeff Bezos gets Dutch bridge dismantled to make way for his yacht
February 04, 2022 01:12 AM AEDT| By Sanjeeb BaruahAmazon.com, Inc (AMZN) founder Jeff Bezos is bearing the cost of taking apart a historic Dutch bridge so his US$485-million superyacht can pass, it was revealed this week. Rotterdam officials agreed to dismantle the steel Koningshaven bridge that .....
Why is FORTH crypto making headlines?
February 04, 2022 12:22 AM AEDT| By Manu ShankarAmpleforth (FORTH) is primarily a stablecoin whose value is pegged to the US Dollar. As a decentralised finance (DeFi) platform, the FORTH crypto is powered by the Ethereum platform, which allows the holders of the token to vote on protocol’s.....
Meta ceases Diem: What does Facebook token’s end mean for crypto space?
February 04, 2022 12:05 AM AEDT| By Ankit SethiOne of the key pillars of the cryptocurrency world is sentiments. A single tweet from a personality like Tesla’s CEO Elon Musk can trigger a wild swing in the price of a crypto asset. At least for now, more than fundamentals, sentiments decid.....
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Cost of living crisis: Bank of England expected to hike interest rates
February 03, 2022 11:57 PM AEDT| By Priya BhandariHighlights Britons and economists are expecting the Bank of England’s Monetary Policy Committee (MPC) to hike interest rates again on Thursday to curb the pressure of surging inflation. Energy regulator Ofgem has said that the energy pric.....
How long will IDEX crypto’s bullish run last?
February 03, 2022 10:26 PM AEDT| By Manu ShankarIDEX crypto’s bullish run continues for the second day as it was up by over 80% on 3 February. IDEX has been attracting significant investor interest as well and also witnessed a significant volume gain of well over 700%. The IDEX crypto&rsq.....
Captain Cook’s Endeavour discovery sparks controversy
February 03, 2022 09:29 PM AEDT| By Sukriti NairHighlights Australian National Maritime Museum claims the discovery of Captain Cook's Endeavour. Endeavour's discovery sparks a row among Australian and US researchers. The principal investigator believes emotions or politics should not drive .....
Andrew “Twiggy” Forrest takes legal action against Facebook, here’s why
February 03, 2022 09:03 PM AEDT| By RitwikaHighlights Facebook fails to take down fake and misleading cryptocurrency advertisements featuring Andrew Forrest from its platform. Forrest takes a stand for all general Australian citizens from falling prey to such scams. The case will be he.....
Component shortage, supply chain woes bring down car sales in Jan 2022
February 03, 2022 08:52 PM AEDT| By Priyanka PayalHighlights New car sale in Australia for the month of January 2022 declined by 4.8% annually. Component shortage and the Covid pandemic-led supply chains woes weighed on vehicle sale last month. Toyota sold 15,333 vehicles sold to become the m.....
What is Pocket Network & POKT crypto’s price prediction?
February 03, 2022 08:03 PM AEDT| By Ankit SethiHighlights Not just Ethereum and Fantom, some low market cap blockchains are also competing in the DApps space Pocket Network is a protocol that claims to bring real “decentralization” to blockchains The POKT crypto ranks low.....
Why is OOKI crypto price up & how to buy this token?
February 03, 2022 07:09 PM AEDT| By Raza NaqviHighlights: Notably, the 24-hour volume of OOKI crypto has catapulted over 1300 per cent to $223.8 million. The OOKI crypto is the native token of Ooki Protocol, and it can be used for staking purposes. According to the protocol's whitepaper, .....
Wormhole crypto: How hackers bent space-time to steal ETH
February 03, 2022 06:39 PM AEDT| By Ankit SethiHighlights Incidents of hacking of decentralized finance protocols have made headlines in 2022 Wormhole, a bridge between blockchains, has become the latest target of a multi-million-dollar heist The Wormhole crypto project’s hacking shi.....
How are international trade and property markets responding to policy changes?
February 03, 2022 05:42 PM AEDT| By Akanksha VashishtBuilding approvals have been on the rise in Australia, with the private sector securing a large chunk of dwelling approvals. Data released by the Australian Bureau of Statistics (ABS) on dwelling approvals for December shows that the seasonally adj.....
Why has El Salvador rejected IMF’s advice to give up Bitcoin use?
February 03, 2022 03:49 PM AEDT| By Jasmine AnandHighlights El Salvador has dismissed the IMF’s call to drop Bitcoin’s legal status. Its Finance Minister says El Salvador has complied with all the rules related to financial transactions and money laundering. Negations for funds w.....
Crude oil rises on OPEC’s decision to boost output
February 03, 2022 02:43 PM AEDT| By Arpit VermaHighlights Crude oil prices inched higher on Wednesday. OPEC and its allies decided to carry forward their plan of increasing the output for the coming months too. The US crude stockpiles tumbled by 1 million barrels in the last week as per th.....
Canva buys UK-based Flourish to expand business
February 03, 2022 02:31 PM AEDT| By Sukriti NairHighlights Software firm Canva buys Flourish, a data visualisation software company in London. Canva to continue scaling the Flourish platform while integrating its visualisation tech. Canva is aiming to double its expansion in UK. Design.....
What is crypto mining and how does it work?
February 03, 2022 06:23 AM AEDT| By Rupam RoyHighlights Crypto mining uses the proof-of-work (PoW) consensus mechanism. Mining requires powerful GPUs (graphics processing units). Crypto mining has been a boon for GPU manufacturers. For those unfamiliar with the term "crypto mining",.....
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Should you follow what celebrities say about cryptocurrencies?
February 03, 2022 05:54 AM AEDT| By Versha JainCryptocurrency is one of the most discussed subjects today. These conversations are no longer limited to regulators or fanatical crypto fans but pervaded into the broader public sphere. No wonder all sorts of opinions regarding cryptocurrency, fro.....
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Investors jittery after PayPal’s (PYPL) dim forecast, eBay deals reduce
February 03, 2022 04:18 AM AEDT| By Rupam RoyHighlights PayPal’s total payment volume increased by 23% YoY in the fourth quarter of FY21. The revenue climbed 13% YoY in the same period. But it provided weak guidance for the first quarter of fiscal 2022. Payment processing comp.....
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